Contact a Loan Specialist Now
ERIK ADAMS
781.478.3653
EBERTO RANERO
781.478.3652
LAURA BROWN
781.478.3669
HEATHER STORME
781.478.3667
98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.
ABOUT SBA 504 LOANS
Learn everything you need to know about this unique financing program.
ELIGIBILITY GUIDELINES
Review loan guidelines and use our online tools to check eligibility.
DEBENTURE RATES
See the current and historical debenture rates.
Loans to Small Businesses
Total Project Financing
Jobs Created
What’s the deal?
Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.
Who can borrow?
What can the money be used for?
How large (or small) could the project size be?
Why Bay Colony?
Where is financing available?
Recently Funded Projects
Loans Funded February 2023
Loans funded in February 2023 ranged from $94,000 to $2,555,000 and provided assistance to businesses located in Marlborough, Pepperell, Townsend, Lee, Brookline, Amesbury, MA as well as Woodstock, VT. The projects will contribute to the creation of 8 Jobs.
Loans Funded January 2023
Loans funded in January 2023 ranged from $113,000 to $1,851,000 and provided assistance to businesses located in North Reading, Lee, Mashpee, Salem, Lynn, Reading, Framingham, Chicopee, MA as well as Farmington, CT, and Smithfield, RI. The projects will contribute to the creation of 46 Jobs.
Loans Funded December 2022
Loans funded in December 2022 ranged from $163,000 to $2,734,000 and provided assistance to businesses located in Bellingham, Chelmsford, Rockland, Holliston, Groveland, Jamaica Plain, Lynn, Boxborough, Cambridge, Peabody, North Reading, MA as well as Nashua, Portsmouth, NH, and Warwick and Smithfield, RI. The projects will contribute to the creation of 85 Jobs.